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Teuton Resources Reports 90.5m of 1.21 g/t Gold at Treaty Creek, Including 70.5m of 1.47 g/t Gold
VANCOUVER, British Columbia, Jan. 10, 2018 (GLOBE NEWSWIRE) -- Teuton Resources Corp. (“Teuton” or “the Company”) (TSX-V:TUO) (FRANKFURT:TUC) is pleased to repo
About this update from Teuton Resources Corp.
[{"type":"text","content":"VANCOUVER, British Columbia, Jan. 10, 2018 (GLOBE NEWSWIRE) -- Teuton Resources Corp. (“Teuton” or “the Company”) (TSX-V:TUO) (FRANKFURT:TUC) is pleased to report another excellent intersection of gold mineralization on the Treaty Creek property, situated north of the KSM property of Seabridge Gold in the Golden Triangle region of northwestern British Columbia. Teuton holds a 20% carried interest in the property (carried until a production decision is made), as well as various NSR interests. Tudor Gold Corp. is the Operator. CB-17-12, a step-out hole drilled this year in the northeastern extension area of the Copper Belle zone, intersected several mineralized zones where the most significant was 90.5 meters of continuous mineralization grading 1.21 g/t gold from 24 to 114.5 meters depth, including an intercept of 70.5m grading 1.47 g/t gold from 31.5 to 102 m. Hole CB-17-12 was a 564m hole that was collared adjacent to the west side of Treaty glacier in an area freshly exposed by melt-back of ice. Hole CB 17-12 is 110 meters south of a hole drilled in 2016: CB-16-03—which graded 58 meters from 88 to 146 meters of 1.11 g/t Au and 122 meters from 304 to 426 meters of 0.97 g/t Au. (See map—URL at end of release). Drill results for hole CB-17-12 are summarized in the table below: Hole-ID From (m) To (m) Interval (m)* Au (g/t) Ag (g/t) Cu (%) CB-17-12 24.00 114.50 90.50 1.21 4.22 0.016 including 31.50 102.00 70.50 1.47 5.26 0.018 147.50 198.50 51.00 0.84 3.44 0.019 206.00 228.50 22.50 1.05 0.66 0.004 *True widths of the mineralization have not been determined. Walter Storm, President and CEO of Tudor Gold stated: “We are delighted to start the New Year with additional encouraging results from our 2017 exploration program at Copper Belle. The long intercepts of gold/silver mineralization starting near surface, continue to demonstrate the pervasiveness of this gold system with excellent grades to date that are open at the south and north extensions. More assays have been received and should be available within one week.” Tudor Gold’s 2016 Magnetotelluric Geophysical Survey program (MT Survey) was effectively utilized as a guide for the 2017 drill program. The MT Survey suggests that the mineralization continues to the southwest, toward the Iron Cap deposit of Seabridge Gold Inc. The MT ...